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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Merlin Entertainments Plc | LSE:MERL | London | Ordinary Share | GB00BDZT6P94 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 454.60 | 454.60 | 454.70 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMMERL
RNS Number : 5337B
Merlin Entertainments plc
04 April 2017
Merlin Entertainments plc
4 April 2017
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
PERFORMANCE SHARE PLAN
2017 GRANT and VESTING OF 2013 AWARD
2017 Performance Share Plan Awards
Merlin Entertainments plc was advised that on 30 March 2017 the following named persons were granted the following nil cost Share Awards ("Awards") over Ordinary Shares of 1 pence each in the Company under the Company's Performance Share Plan ("PSP").
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
Hot Features
Premium
PDMR Position Number Number
of Conditional of Unconditional
Awards Awards
under under
the PSP the PSP
* **
------------------- ------------------------- ---------------- ------------------
Nick Varney Chief Executive 315,947 NIL
Officer
------------------- ------------------------- ---------------- ------------------
Anne-Francoise Chief Financial 182,330 NIL
Nesmes Officer
------------------- ------------------------- ---------------- ------------------
Chief Digital Marketing
and Information
Mark Allsop Officer 54,409 9,892
------------------- ------------------------- ---------------- ------------------
Natalie Bickford Group HR Director 56,190 10,216
------------------- ------------------------- ---------------- ------------------
Chief Development
Mark Fisher Officer 62,191 11,307
------------------- ------------------------- ---------------- ------------------
Chief New Openings
John Jakobsen Officer 62,191 11,307
------------------- ------------------------- ---------------- ------------------
General Counsel
Matthew Jowett and Company Secretary 56,190 10,216
------------------- ------------------------- ---------------- ------------------
Managing Director
- Midway Operating
Nick Mackenzie Group 62,191 11,307
------------------- ------------------------- ---------------- ------------------
Group Commercial
Fraser Montgomery Director 46,306 8,419
------------------- ------------------------- ---------------- ------------------
Managing Director
Hans Aksel - LEGOLAND Parks
Pedersen Operating Group 65,796 11,963
------------------- ------------------------- ---------------- ------------------
Managing Director
- Resort Theme
Parks Operating
Justin Platt Group 54,409 9,892
------------------- ------------------------- ---------------- ------------------
* The Conditional Awards are subject to the performance conditions set out below.
EPS performance condition
(50% of award)
------------------------------------------------------------------------------------
EPS growth % of award
vesting
----------------- ------------ ----------- --------------------------------------
Below threshold <7% p.a. 0%
----------------- ------------ -----------
Threshold 7% p.a. 10%
----------------- ------------ -----------
Maximum 14% p.a. 50% Vesting will be calculated
on a
straight-line basis between
threshold and maximum performance.
EPS growth will be calculated
by comparing EPS for the
financial year ending December
2019 with EPS for the financial
year ending December 2016
----------------- ------------ ----------- --------------------------------------
ROCE performance condition
(50% of award)
--------------------------------------------------------------------------------
Average % of award
ROCE vesting
----------------- -------- ----------- --------------------------------------
Below threshold <9% 0%
----------------- -------- -----------
Threshold 9% 12.5%
----------------- -------- -----------
Vesting will be calculated
on a
straight-line basis between
threshold and maximum performance.
Average ROCE will be calculated
as an average of ROCE for
the three financial years
ending December 2017, 2018
Maximum 13% 50% and 2019
----------------- -------- ----------- --------------------------------------
** The Unconditional Awards granted are not subject to the satisfaction of any Performance Conditions and the rules of the Plan apply in all other respects.
In the event of a material health and safety breach by the Group during the period between grant and vesting of these Awards, the Remuneration Committee may reduce the number of shares which would otherwise vest as a result of the EPS and ROCE performance conditions to ensure that the vesting outcome is appropriate.
All the Awards listed above are, in normal circumstances, conditional until 30 March 2020 when, subject to the terms of the PSP and satisfaction of the relevant performance conditions, the Awards will unconditionally vest. No payment is due from the PDMR to the Company on vesting.
Vesting of 2013 Performance Share Plan Awards
The Company announces that, as a result of the relevant performance conditions having being partially satisfied, the awards granted in November 2013 and April 2014 (in one case) under the Company's PSP vested in part on 1 April 2017. The overall vesting percentage for these awards was 46.5%.
Following such vesting, the following persons (PDMRs) sold the following ordinary shares at a price of 476.9014 pence per share.
As noted below, these individuals sold a proportion of the shares that vested in order to satisfy their income tax and national insurance liabilities arising on vesting.
The following sets out the shares that vested on 1 April 2017, the number of shares sold following such vesting and, following such sales, the respective beneficial holdings in the Company to which voting rights are attached for each of the persons listed below:
PDMR Number Number of Total Holding
of 2013 Shares sold Shareholding % of Issued
PSP Awards to meet after Share
vesting tax liabilities sale Capital
***
------------------- ------------ ----------------- -------------- -------------
Nick Varney 270,273 128,196 6,619,900 0.649%
------------------- ------------ ----------------- -------------- -------------
Anne-Francoise
Nesmes NIL NIL 4,500 0.000%
------------------- ------------ ----------------- -------------- -------------
Mark Allsop 42,444 20,133 80,157 0.008%
------------------- ------------ ----------------- -------------- -------------
Natalie Bickford NIL NIL NIL 0.000%
------------------- ------------ ----------------- -------------- -------------
Mark Fisher 70,741 33,554 2,282,385 0.224%
------------------- ------------ ----------------- -------------- -------------
John Jakobsen 70,741 33,554 909,010 0.089%
------------------- ------------ ----------------- -------------- -------------
Matthew Jowett NIL NIL NIL 0.000%
------------------- ------------ ----------------- -------------- -------------
Nick Mackenzie 70,741 33,554 1,401,731 0.137%
------------------- ------------ ----------------- -------------- -------------
Fraser Montgomery 25,495 12,093 126,402 0.012%
------------------- ------------ ----------------- -------------- ------------- Hans Aksel Pedersen 22,942 8,686 296,206 0.029% ------------------- ------------ ----------------- -------------- ------------- Justin Platt 22,942 10,882 72,998 0.007% ------------------- ------------ ----------------- -------------- -------------
*** includes accrued dividends
For further information please contact:
Matthew Jowett
General Counsel and Company Secretary
Merlin Entertainments plc
00 44 1202 634955
4 April 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHOKQDDKBKDPQK
(END) Dow Jones Newswires
April 04, 2017 06:30 ET (10:30 GMT)
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